Renumeration Tribunal sets 2.4 per cent pay rise for MPs, Anthony Albanese to pocket extra $14.5k

News.com.au

a day ago

Anthony Albanese and other politicians are set for a plumped-up pay packed in just weeks, with the Prime Minister's salary jumping from about $607,471-a-year to $622,050.
Politicians, department secretaries and other senior public servants will get a 2.4 per cent pay rise from July 1, following the determination of the 2025 Review of Remuneration for Holders of Public Office.
The statement issued by the Remuneration Tribunal on Wednesday noted that the total remuneration increases given in the past year have been 'relatively modest,' totalling 18.65 per cent since 2016.
While the 2.4 per cent pay bump matched inflation, it is under the 3.4 per cent wage-price index for the public sector, and less than the 3.4 per cent and 4 per cent increases awarded by the Tribunal in 2024 and 2023 after salaries stalled during the Covid pandemic.
'In contrast, remuneration increases more generally in the public and private sectors (based on overall March Wage Price Index data from 2016-2025) equate to 25.6 per cent,' the statement said.
The 2.4 per cent boost was also lower than the Fair Work Commission's Annual Wage Review which determined a 3.5 per cent above-inflation increase to the minimum wage and Australians on modern award wages.
A backbencher will see their salary increase from about $233,660 to $239,267, while Sussan Ley will get a boost of $10,374 to $442,643.
Jim Chalmers' annual pay will be boosted to $448,625, a bump of $10,514 while cabinet ministers will receive an uplift of $4065 to $412,735.
Politicians are also given an electorate allowance which covers expenses incurred to 'provide services to their constituents' such as travelling, in additional to a private plated vehicle.
Senators get a flat rate of $39,700 per year, while MPs are given between $39,700 to $57,100 depending on the size of their electorate.